The bill: regulates poker machine use by requiring that poker machines: must not accept banknotes with a denomination greater than $20; must not accept certain additional credits; must not allow a bet in excess of $1 per spin; and must not have a jackpot or a linked-jackpot arrangement greater than $500; and imposes penalties for a contravention of these requirements. Also provides: that the minister takes all reasonable steps to implement uniform national standards for poker machines in relation to harm minimisation, with particular reference to maximum losses, to take effect from 1 January 2015; and for the establishment of a national monitoring network.

Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill amends the

Private Health Insurance (Collapsed Insurer Levy) Act 2003

to provide for the transfer of responsibility for the administration and collection of the collapsed insurer levy from the Private Health Insurance Administration Council and the Health Minister to the Australian Prudential Regulation Authority and the Treasurer.

to: enable the National Joint Replacement Register (NJRR) levy to be imposed on the recording on the NJRR of the provision of a joint replacement prosthesis, rather than for being a sponsor of a joint replacement prosthesis; set a cap of $5000 on the amount of NJRR levy payable for a financial year by a sponsor; and make technical amendments.

Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill: transfers the prudential supervisory functions from the Private Health Insurance Administration Council to the Australian Prudential Regulation Authority (APRA); provides for the registration of private health insurers and prohibits unregistered entities from carrying on a health related business; requires private health insurers to have health benefit funds; provides that APRA approves restructures, mergers, acquisitions and terminations of health benefit funds; empowers APRA to appoint an external manager of a health benefit fund; outlines duties and liabilities of directors; enables APRA to establish prudential standards and to exercise powers under the standards; outlines obligations of private health insurers; provides for the monitoring and investigation of private health insurers; provides that APRA can obtain an enforceable undertaking from a person in connection with a matter in relation to which APRA has a power or function; provides that APRA may seek remedies for a contravention of an enforceable obligation; provides for the Administrative Review Tribunal to review decisions made by APRA; and sets out matters in relation to approvals, determinations and rules.

Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill provides for the imposition of an annual supervisory levy (from the 2016-17 financial year) on bodies registered as private health insurers to recover the Australian Prudential Regulation Authority’s costs incurred in regulating that industry.